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SB18-005

Rural Economic Advancement Of Colorado Towns

Concerning economic assistance for rural communities experiencing certain significant economic events that lead to substantial job loss in those communities, and, in connection therewith, authorizing the department of local affairs to coordinate nonmonetary assistance to assist rural communities with job creation or retention.

Session:

2018 Regular Session

Subjects:

Business & Economic Development

State Government

Bill Summary

The bill authorizes the executive director of the department of local affairs (executive director) or the executive director's designee to coordinate the provision of nonmonetary resources to assist with job retention or creation in a rural community experiencing a significant economic event, such as a plant closure or layoffs, including industry-wide layoffs, that has a significant, quantifiable impact on jobs within that community.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)